Investment firm Triodos to invest €100m for renewable energy projects

Dutch investment company Triodos Investment Management is outlining plans to raise €100m to invest in renewable energy sector.

The company, which is planning to make the investment through its UK subsidiary Triodos Renewables, will initially aim for funds of €50m.

Triodos Renewables executive director Matthew Clayton stated that the company plans to invest in the more developed nations and centres on renewable projects such as wind, solar and hydro.

Clayton added that the majority of the funds would be raised from the retail industry.

By the end of the year, it aims to raise €11.7m to €17.6m to expand its solar and wind project portfolio.

In March 2013, Triodos Renewables, along with parent company’s Renewables Europe Fund, acquired 49.8% stake in a 10MW wind farm in the UK.

Meanwhile, as European nations are reeling in slow growth, the company is planning to move to new emerging markets to make investments, reported Bloomberg.

Triodos fund manager Gerrit-Jan Brunink stated: "We’ve seen that several experienced renewable-energy developers that Triodos has worked with in Europe are moving into new countries.

"Also, many existing clients in the Triodos emerging-market network have started to become active or are interested in renewable energy," Brunink.

Currently, China and India have evolved as major nations in Asia for clear energy, while South Korea and Thailand too are garnering huge investments in the sector.

To boost investments, the federal governments are formulating new regulations for the renewable projects.

China, which provides subsidies for renewable-power projects, is also introducing a cap-and-trade emissions programme in seven provinces in 2013.